In 2022, tuition for full-time students at Gwynedd Mercy University was $37,140 a year.
Tuition increased 2.62% in 2023–from $36,192 the previous year. Usually, college tuition goes up about 3% every year.
If this makes attending the college of your dreams seem daunting, remember, the "sticker price" of tuition doesn't always tell the full story. Many students owe a lot less than the sticker price after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make theprice of collegemore manageable until you've finishing school and found a job.
Gwynedd Mercy University meets 63.4% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Gwynedd Mercy University is around $28,028 a year.
Graduates in the class of 2023 had an average of $47,711 in student loans per borrower.
Gwynedd Mercy University is a private, religious institution, which means it has the same tuition for students from Pennsylvania as it does for students who live in other states.
Public schools receive funds from the state to help them cover costs. These institutions offer a lower cost of attendance for those who qualify as Pennsylvania residents.
Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Take the time to verify your state's guidelines for how to qualify for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria as well, depending on the state you and your parents currently live in.
Explore other Pennsylvania colleges
Tuition at Gwynedd Mercy University is the same for all students.
Students from outside of the U.S. are not eligible for federal financial aid, but may qualify for private or Gwynedd Mercy University-specific aid and scholarships. International students who demonstrate financial need may be eligible for the following types of financial support at Gwynedd Mercy University:
•Gwynedd Mercy University-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Gwynedd Mercy University.
Room and board at Gwynedd Mercy University is $13,370 a year. This includes the cost of living in dorms or other on-campus housing, and a meal plan that enables you to eat all or some of your meals the school dining facilities.
Board costs may vary depending on the number of meals you intend to eat on-campus
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books and supplies depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy used textbooks and materials.
Most schools charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
Keep in mind, there could also be other costs associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges have resources so that those with demonstrated need to get help covering these fees.
The cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you plan to bring a car or will you need to use busses, subways, or other modes of transportation? All of these questions can make a big difference in your estimated cost of transportation. At Gwynedd Mercy University, freshman are allowed to park on campus.
Where are a college is located can also have a big effect on transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area is usually pricey, but there may be more trains, busses and affordable flights to actually get to school. Gwynedd Mercy Universityis located in a suburb in Pennsylvania, not far from Philadelphia.
When estimating your budget for college, be sure to leave some room in your budget for personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s look at the breakdown of all expenses, to get a better idea of what is really costs to go to Gwynedd Mercy University.
What will the cost of attending Gwynedd Mercy University be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
---|---|
Tuition | $37,140 |
Room and Board | $13,370 |
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Total Estimated Costs | |
---|---|
On-Campus | $51,680 |
Off-Campus | $38,310 |
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Gwynedd Mercy University undergrads use financial aid to to cover the cost of tuition. In 2023, 1,068 of the 1,792 undergrads enrolled received financial aid. Gwynedd Mercy University meets 63.4% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $28,028 a year. Around 81.37% of Gwynedd Mercy University undergrads take out student loans to cover any remaining costs. Gwynedd Mercy University graduates who have student loans graduate with an average of $47,711 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
---|---|
Federal Loans | $28,609 |
Private Loans | $43,069 |
Most Common Loans for Gwynedd Mercy University Students | |
---|---|
Federal Loans | 80.68% |
Private loans | 36.55% |
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Gwynedd Mercy University financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2023, Gwynedd Mercy University awarded 976 need-based scholarships to students, giving away total of $20.6 million to help students with financial need cover the cost of school. An additional $3.98 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Gwynedd Mercy University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Gwynedd Mercy University was $28,028 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Gwynedd Mercy University seem more manageable.
Estimated Net Cost for Full-Time Students | |
---|---|
On-Campus | $23,652 |
Off-Campus | $10,282 |
What will attending Gwynedd Mercy University really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Gwynedd Mercy University's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes waiver tuition for certain groups, to offset the cost of attending. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.
Gwynedd Mercy University's endowment was valued at $38.4 million in 2023, compared to a national average of $905 million. For each full-time student, Gwynedd Mercy University spends about $11,479 a year.
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Tuition & Fees
$51,680
In State$51,680
Out-of-StateStudents Who Receive Need-Based Aid
Average Financial Aid Package
Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
Total Enrollment
Campus Setting
Acceptance Rate
Fall Freshmen
Application Deadline
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